in Business & Finance

No current lifeline for Comair

Posted 28 July 2020 · Add Comment

South Africa’s Comair, the operator of Kulula and British Airways flights in SA, is facing possible termination and liquidation of its business as lenders refuse to provide it R226m ((USD13.65 million).


Comair faces possible termination and liquidation.  Image: Comair

Due to this, Comair has defaulted on insurance and maintenance payments for its entire aircraft fleet.


Business Rescue Practitioners (BRPs) Shaun Collyer and Richard Ferguson have been searching for financial help to resurrect the privately-owned firm.


Collyer and Ferguson said: “In the absence of any PCF, and a capital raising process to underpin the financial and operational elements of a business rescue plan, we will have no other option but to conclude that there is no longer a reasonable prospect of rescuing the company.”


It would also affect Comair’s plan to return to the skies in November 2020 after the government imposed travel restrictions in March to slow the spread of Covid-19.

* required field

Post a comment

Other Stories
Latest News

Egypt issues travel decree

The Egyptian Ministry of Civil Aviation has said that the Prime Minister’s decree on prohibiting travelling to Egypt, unless all travellers have a negative PCR test, is applicable only to non-Egyptians.

Qatar Airways resumes more flights to Africa

Qatar Airways will resume services to Jomo Kenyatta International Airport (NBO) - Nairobi, Kenya with 14 weekly flights and to Kigali International Airport (KGL) - Kigali, Rwanda with three weekly flights.

ICAO and CAAi launch lockdown recovery course for aviation professionals

In accordance with the recommendations of the ICAO Council Aviation Recovery Taskforce, together ICAO Global Aviation Training (GAT) and CAA International (CAAi), the aviation training arm of the UK Civil Aviation Authority, have

Ethiopia's Strong Roots selects Eutelsat satellite for DTH platform

Eutelsat Communications and Strong Roots Ethiopia Broadcasting Service plc have concluded a Master Service Agreement for a Ku capacity on a 36 MHz transponder on Eutelsat’s EUTELSAT 8 West B satellite.

Tons of problems for the SAAF

The South African Air Force has (quietly) celebrated its centenary against backdrop of worries that it is in “dire straits”.

IATA: Albakri in new leadership succession

The International Air Transport Association (IATA) announced that Muhammad Albakri, IATA’s regional vice president for Africa and the Middle East (AME), will be appointed senior vice president for customer, financial and digital

AMAC SK2907290121
See us at